Binghatti Etherea Escrow Account

Mashreq Bank PSC holds the escrow account for Binghatti Etherea, account number 0195*****878 (the unmasked number is available in this page's Escrow Details section). The account is recorded against DLD project number 4303, which the Dubai Land Department registered on 26 January 2026.

The Dubai REST app lists the project under the register name "Binghatti Etherea" and project number 4303, reached through Services and then Project Status. Its Escrow panel names Mashreq Bank PSC and the account number, and the same number appears in the escrow clause of the Sales and Purchase Agreement, so the two records can be compared side by side before any transfer.

The Dubai Land Department record lists Binghatti Developers FZE, developer number 1051, as the registered developer of Binghatti Etherea, while the project is marketed under the Binghatti name. Escrow releases for project 4303 are paid to that registered developer, and only against construction progress recorded on site.

The 50% construction share is paid into the escrow account according to the developer's schedule set out in the Sales and Purchase Agreement. Mashreq Bank releases those funds to the developer only as inspections record progress, and the Dubai Land Department project register showed 7.24% on 15 September 2026. Each new reading is tracked on the Binghatti Etherea construction updates page.

No. The 4% DLD fee is paid to the Dubai Land Department at booking to register the purchase under Oqood, and it is a government charge rather than part of the apartment price. It never passes through the Binghatti Etherea escrow account, which receives only the instalments of the 20/50/30 plan. The registration framework is covered in the Dubai Land Department guide.

The final 30% of the price at Binghatti Etherea falls due on handover, expected in Q3 2027, under the payment terms in the Sales and Purchase Agreement. Because 70% of the price is paid before completion, the larger part of each buyer's money moves through escrow while the tower is still being built, and a retention portion stays in the account after completion to cover defect repairs.

Yes. Money paid into the Binghatti Etherea escrow account stays there and continues to be released only against recorded construction progress, whatever the calendar says. Escrow protects capital while the building completes; it does not itself compensate for a late handover, and any delay terms sit in the Sales and Purchase Agreement. The retention held after completion still applies when handover arrives.

Under the Dubai Land Department framework, cancellation of a registered project means RERA takes control of the escrow account; buyer refunds are then paid out of the protected balance under DLD supervision. That safeguard reaches money paid into the registered Mashreq Bank account for project 4303; funds sent to any other account sit outside it. Off-plan regulation as a whole is covered in the Dubai Land Department guide.

No. Every off-plan instalment for Binghatti Etherea is paid into the DLD-registered escrow account 0195*****878 at Mashreq Bank PSC (revealed in full by the Show button in the Escrow Details section), matching the escrow clause of the Sales and Purchase Agreement. A request to pay a personal account, an agency account or a different company account, often presented as a discount for paying directly, matches the usual pattern of payment-diversion fraud, however official the documents look.

The Binghatti Etherea escrow account protects instalments paid into it, and nothing beyond that. It does not hold the 4% DLD fee, agency commission or any money paid outside the registered account, it does not compensate for delays, and it does not protect resale prices or rental returns. Its role is to keep buyer capital under DLD supervision until construction progress justifies each release.

Binghatti's brochure states that Binghatti Holding Limited was founded in 2008, originally as a contractor; it runs design, development, construction and delivery in-house and reports a portfolio exceeding 90 projects valued at nearly AED 100 billion, with more than 50 projects delivered to date. These are company figures published by the developer, not DLD records. Binghatti Etherea itself has no delivery history yet: its register file shows construction started on 1 January 2026 and a reading of 7.24% on 15 September 2026.